Indigo Education

Analysis

Indigo Education is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2011, 15 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indigo Education reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.9m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indigo Education sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Point Community Development Corporation ($1.9m), Topeka Habitat for Humanity Inc ($1.9m) and Red Oak Camp ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $151k (7.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $817k against liabilities of $279k, net assets of $539k. It reported 18 employees.